July 16, 2020 / 4:11 PM / a month ago

BRIEF-Abbott CEO Says "It's Clear That The Need For Testing Is Large And It Isn't Going Away" - Conf Call

July 16 (Reuters) - Abbott Laboratories:

* ABBOTT CEO SAYS AT THE END OF JUNE, PROCEDURE VOLUMES REBOUNDED TO 90% OF PRE-CRISIS LEVELS ON AVERAGE IN U.S. - CONF CALL

* ABBOTT CEO SAYS WILL LAUNCH FREESTYLE LIBRE 2 IN THE NEXT FEW WEEKS AT THE SAME PRICE AS THE CURRENT AVAILABLE FREESTYLE LIBRE 14-DAY SYSTEM - CONF CALL

* ABBOTT CEO SAYS TESTING VOLUMES IN DIAGNOSTIC BUSINESS EXCLUDING COVID-19 TESTS, REBOUNDED TO ABOUT 90% OF PRE-COVID LEVELS BY END OF Q2 - CONF CALL

* ABBOTT IN ADDITION TO MOLECULAR TESTING, ANTICIPATE INCREASED DEMAND FOR OTHER TYPES OF TESTS, INCLUDING BOTH ANTIGEN AND ANTIBODY - CONF CALL

* ABBOTT CEO SAYS “ IT’S CLEAR THAT THE NEED FOR TESTING IS LARGE AND IT ISN’T GOING AWAY” - CONF CALL

* ABBOTT CEO SAYS AS VACCINES BECOME AVAILABLE, ANTICIPATE CONTINUED SURVEILLANCE TESTING TO MONITOR AND ASSESS FOR BOTH NATURAL AND VACCINE-RELATED IMMUNE RESPONSE - CONF CALL

* ABBOTT CEO SAYS THE CAPACITY WE ARE BUILDING FOR COVID-19 TESTING IS NOT ONLY FOR A HIGH DEMAND DURING THE NEXT 12-24 MONTHS - CONF CALL Further company coverage:

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